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Chip stocks: How to Invest nearing a turning point?

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Spinee joined discussion · Dec 13, 2022 16:26

China readying $143 bln package for its chip firms in bid to compete with U.S.

Beijing plans to roll out what will be one of its biggest fiscal incentive packages over five years, mainly as subsidies and tax credits to bolster semiconductor production and research activities at home, said the sources.

China readying $143 bln package for its chip firms in bid to compete with U.S.

The majority of the financial assistance would be used to subsidise the purchases of domestic semiconductor equipment by Chinese firms, mainly semiconductor fabrication plants, or fabs, they said.

Such companies would be entitled to a 20% subsidy on the cost of purchases, the three sources said.

$SMIC (00981.HK)$ $Advanced Micro-Fabrication Equipment Inc. China (688012.SH)$ $LEGENDHOLDING (03396.HK)$ $HUA HONG SEMI (01347.HK)$ $Chip Concept (LIST0594.SH)$ $Chip ETF (159995.SZ)$ $Hang Seng TECH Index (800700.HK)$

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